Net deferred tax liability definition

Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of a combined group as defined in KRS 141.202, as computed in accordance with accounting principles generally accepted in the United States of America.
Sample 1Sample 2Sample 3
Net deferred tax liability means the amount by which
Sample 1Sample 2Sample 3
Net deferred tax liability means the deferred Income Tax liability less deferred Income Tax assets less amounts due from Parent or Affiliates of the Parent for Income Taxes plus amounts due to Parent or Affiliates of the Parent for Income Taxes plus any Income Tax payable less any Income Tax receivable, in each case, as reflected in the Preliminary Balance Sheet or the Closing Date Balance Sheet, as the case may be. For the avoidance of doubt the Net Deferred Tax Liability is prior to giving effect to any of the Transactions contemplated by this Agreement except as set forth in the Agreed Upon Procedures.
Sample 1Sample 2

Examples of Net deferred tax liability in a sentence

  • Net deferred tax liability is arrived at after setting off deferred tax assets.

  • Taxes, licenses and fees due or accrued, excluding federal income taxes 15.1 Current federal and foreign income taxes, including $ on realized capital gains (losses) 15.2 Net deferred tax liability 16.

  • Net deferred tax liability arising from changes in the fair value of financial assets offset by the deferred tax asset relating to the unused tax loss arising on issuance of loyalty units to unitholders under the Magellan Global Trust priority offer.

  • Net deferred tax liability / (assets) – – ....................................................................................................................................................................................................................................................

  • Deferred tax liability (net) Deferred tax assetsImpact of expenditure charged to the statement of profit and loss in the current year but allowed for tax purposes on payment basis Carried forward lossesGross deferred tax assets Deferred tax liabilityFixed assets: Impact of difference between tax depreciation and depreciation/amortization charged for the financial reporting OthersGross deferred tax liability Net deferred tax liability 7.

  • The break up of net deferred tax liability is as under: (Rs./Lacs) As on 31.03.2011 As on 31.03.2010 Particulars Deferred tax Deferred tax Deferred tax Deferred taxliability asset liability asset Difference between book and tax depreciation11,227- 12,212-Voluntary Retirement Scheme compensation-61 -126Disallowance u/s 43 B of Income Tax Act-186 -124Exchange Loss on MTM - 1 - 109 11227 248 12212 359 Net deferred tax liability 10979 11853 6.

  • ParticularsAs at 31 March 2013`As at 31 March 2012`Deferred tax liabilities Fixed assets: Impact of difference between tax depreciation and depreciation charged for the financial reporting period 62,84,87,890 60,40,24,313Deferred tax assets Unabsorbed depreciation (to the extent covered in DTL)52,48,44,397 51,11,40,833 Net deferred tax liability 10,36,43,493 9,28,83,4808 Other long term liabilities .

  • The Company has net deferred tax liability as under :-The break up Net deferred tax liability as at 31.03.2011 arising on account of timing difference in respect of.

  • Therefore, we are proposing to include in ARMIS 43–03, the collection of data for Account 1402 (Investment in Non-Affiliate Companies); Account 1437 (Deferred Tax Regulatory Asset); Account 4341 (Net deferred tax liability adjustment); Account 4361 (Deferred tax regulatory liability); and the account series (7410 through 7450) for Account 7400 (Non- operating Taxes).

  • Significant components of deferred tax (assets) liabilities are shown in the following table: (dollars in millions)At December 31,20052004Depreciation$ 1,197$ 1,277Employee benefits(621)(675)Allowance for uncollectible accounts(42)(60)Investment tax credits(7)(8)Other, net (5) 34 Net deferred tax liability $ 522 $ 568 Employee benefits include $488 million deferred tax asset at December 31, 2005 and $466 million at December 31, 2004, related to postretirement benefit costs recognized under SFAS No. 106.


More Definitions of Net deferred tax liability

Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of a combined group as defined in Section 5 of this Act, as computed in accordance with accounting principles generally accepted in the United States of America; and
Sample 1
Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of the
Sample 1

Related to Net deferred tax liability

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Post-Distribution Tax Period means a Tax period beginning and ending after the Distribution Date.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Tax Liabilities means all liabilities for Taxes.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and: